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$360,000

1622 N Fm 1138, Nevada, TX, 75173

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths1,972 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$182.56 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 3Bathrooms 3
Garage AvailableGarage Available
AppliancesDishwasher, Electric Cooktop, Electric Oven, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile, Slate, Wood

Exterior

Lot Size1 acre

Building Information

Year Built2005
Stories1
Garage Spaces2

Land Information

APNR-6554-002-1040-1
Lot Number104
SubdivisionJohn Mcminn Survey
Land UseResidential
Legal DescriptionABS A0554 JOHN MCMINN SURVEY, SHEET 2, TRACT 104, 1.0 ACRES
Census Tract031201
Assessed Land Value$76,000
Assessed Improvement Value$252,098
Assessment Year2025

About this property

Wonderful 1 acre 1 story home.Custom home features Galore!Perfect location just down from Community ISD schools,& super private setting w view for miles.The formal dining room has built-in custom desk area, kitchen loaded w tons of custom cabinets,breakfast bar,moveable island,granite countertops, stainless appliances & built-in hutch in breakfast area!Open floorplan and stone fireplace!Master suite has double sinks,jetted tub,2 walk-in closets!Hard surfaces common areas.Roomy covered patio faces East which is perfect for shade in summer!Class 4 impact roof replaced in 2018.24 X 24 shop for extra storage & new chain link fence.Great garage area with attached half bath and perfect for game area.Tornado shelter!

Investor Tools

Property Icon
$392,000
Estimated Property Value
$368,280Estimated Mortgage Balance
$58,254Estimated Equity
6% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,352 /month
Positive
Cash Flow Estimate:
$784 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$535/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,461
$328,098
2025
$76,000
$252,098
$328,098
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,461
$328,098

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Home Point Financial Corporation
Va
$368,280
Yes
First
Jun 10, 2021
Jul 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$333,746
$58,254
14%
85%
$2,209/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Nevada

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